About Standard Chartered PLC

Standard Chartered PLC provides various banking products and services. Regions Asia The company is present in 21 markets, including some of the world's fastest-growing economies. Africa and the Middle East The company has a presence in 25 markets of which the most sizeable by income are the U.A.E., Pakistan, Kenya, Nigeria, South Africa, and Ghana. Europe and the Americas Centred in London, with a growing presence across continental Europe, and New York, the company operates in both North America and several markets in Latin America. Products and Services Financial Markets: The company offers macro, commodities and credit trading; financing and securities services; sales and structuring; debt capital markets and leveraged finances; and project and transportation finance. Transaction Banking: The company offers cash management, trade finance, and working capital. Wealth Management: The company offers investments, insurance, wealth advice, and portfolio management. Retail Products: The company offers deposits, mortgages, credit cards, and personal loans. Clients The company wants to deliver simple, everyday banking solutions to provide the company's clients with a great digital client experience. The company enables individuals to grow and protect their wealth; the company helps businesses trade, transact, invest and expand. The company also helps a variety of financial institutions, including banks, public sector and development organizations, with their banking needs. Strategic Priorities Network Business Through the company's unique network, the company facilitates investment, trade and capital flows, with an increasing focus on Sustainable Finance. The company is one of the leading international network banks in the company's emerging markets footprint through: taking leading positions in high-returning, high-growth sectors; delivering a market-leading digital platform by continuing to invest in core digital capabilities; and speeding up growth in large markets while expanding in growing markets and corridors e.g., intra-Asia and East-West. Affluent Client Business The company offers outstanding personalized advice and exceptional experiences for the company's Private, Priority and Premium Banking clients to help them grow and prosper internationally and at home. The company's deep-rooted network, trusted brand and long-standing commitment with clients in the company's markets are key sources of competitive advantage. As a leading international wealth manager, the company focuses on unlocking the value of the company's strong affluent client portfolio across Asia, Africa and the Middle East, with suitable client propositions, coverage models and advisory capabilities; maximizing the reach of the company's deep-rooted international network, with Hong Kong, Singapore, the U.A.E., and Jersey as the company's wealth advisory hubs; and delivering personalized and digital-first wealth solutions to the company's clients anchored in investment thought leadership, an open architecture approach and supported by scalable platforms. Mass Retail Business The company delivers banking solutions to help its clients prosper by integrating the company's digital services into its clients' everyday lives. New digital solutions, strategic partnerships and advanced analytics are instrumental to the company's business, enabling the company to significantly increase its relevance and reach, serve the company's clients in a meaningful way and lift participation in the communities the company serves. The company is making significant progress in rebuilding foundations for a profitable Mass Retail business; continuing to transform to a digital-first model, deepening the company's capabilities in digital sales and marketing, as well as data and analytics; and becoming the partner of choice to leading global and regional companies and scaling thoughtfully with the company's partners. The company serves three client segments in three regions, supported by eight global functions. Corporate, Commercial and Institutional Banking This segment is supporting clients with their transaction banking, financial markets, corporate finance and borrowing needs, Corporate, Commercial and Institutional Banking provides solutions to more than 20,000 clients in the world's fastest-growing economies and most active trade corridors. The company supports companies across the world, from small and medium-sized enterprises to large corporates and institutions, both digitally and in person. Consumer, Private and Business Banking This segment is serving more than 10 million individuals and small businesses, Consumer, Private and Business Banking focuses on the affluent and emerging affluent in many of the world's fastest-growing cities. The company supports small businesses and individuals, from Mass Retail clients to affluent and high-net-worth individuals, both digitally and in person. Ventures Ventures promotes innovation, invests in disruptive financial technology and explores alternative business models. Its pipeline of over 30 ventures includes two cloud-native digital banks. Corporate, Commercial and Institutional Banking Corporate, Commercial and Institutional Banking (CCIB) supports local and large corporations, governments, banks and investors with their transaction banking, financial markets and borrowing needs. The company provides solutions to more than 20,000 clients in some of the world's fastest-growing economies and most active trade corridors. The company's clients operate or invest across 50 markets across the globe. The company's strong and deep local presence enables the company to help co-create bespoke financing solutions and connect the company's clients multilaterally to investors, suppliers, buyers and sellers. The company's products and services enable its clients to move capital, manage risk and invest to create wealth. The company's clients represent a large and important part of the economies the company serves. The company is also committed to sustainable finance in its markets and to channeling capital where the impact will be greatest. The company is delivering on its intention to support sustainable economic growth, increasing support and funding for financial offerings that have a positive impact on the company's communities and environment. Strategic Priorities Deliver sustainable growth for clients by leveraging the company's network to facilitate trade, capital and investment flows across the company's footprint markets. Be the leading digital banking platform, providing integrated solutions to cater to the company's clients' needs and enhance client experience, and partnering with third parties to expand capabilities and access new clients. Accelerate the company's sustainable finance offering to the company's clients through product innovation and enabling the transition to a low-carbon future. In October, the company signed a framework agreement to collaborate with SAP Taulia, a market leader in working capital solutions. As part of the agreement, the company will work with Taulia to provide clients access to supply chain finance through the company's unique emerging-markets network. This will help the company's clients to make their supply chains more resilient and sustainable by enabling their suppliers to gain access to working capital more efficiently and cost effectively. This is the first agreement that Taulia has signed with a banking institution, following its acquisition by SAP. Consumer, Private and Business Banking Consumer, Private and Business Banking serves more than 10 million individuals and small businesses, with a focus on the affluent and emerging affluent in many of the world's fastest-growing markets. The company provides digital banking services with a human touch to its clients, with solutions spanning across deposits, payments, financing and Wealth Management. Private Banking offers a full range of investment, credit and wealth planning products to grow, and protect, the wealth of high-net-worth individuals. The company also supports its small business clients with their business banking needs. The company is closely integrated with its other client segments; for example, the company offers employee banking services to Corporate, Commercial and Institutional Banking clients, and Consumer, Private and Business Banking also provides a source of high-quality liquidity for the company. Increasing levels of wealth across Asia, Africa and the Middle East support the company's opportunity to grow the business sustainably. The company intends to continuously uplift the client experience and improve productivity by driving end-to-end digitalization and process simplification. Strategic Priorities Be a leading international Affluent franchise with distinctive client value propositions to unlock the value of the company's Affluent client continuum. Maximize the reach of the company's deep-rooted international network, with Hong Kong, Singapore, the U.A.E., and Jersey as the company's wealth advisory hubs. Deliver advisory-led wealth propositions with digital-first and personalized experiences, leveraging an open architecture platform with best-in-class product offering. Profitable Personal Banking franchise enabled by partnerships, data and digital infrastructure. A mobile-first digital channel strategy offering exceptional end-to-end client experience. Continuous improvement in ways of working for process simplification and operational excellence. Ventures As part of the ongoing execution of its refreshed strategy, the company has expanded and reorganized its reporting structure with the creation of a third client segment, Ventures, effective on 1 January 2022. Ventures is a consolidation of SC Ventures and its related entities, as well as the company's two majority owned digital banks, Mox in Hong Kong and Trust Bank in Singapore. SC Ventures is the platform and catalyst for the Group to promote innovation, invest in disruptive financial technology and explore alternative business models. Mox, a cloud-native, mobile-only digital bank, was launched in Hong Kong as a joint venture with HKT, PCCW and Ctrip in September 2020. Trust Bank was launched in Singapore in partnership with FairPrice Group, the nation's leading grocery retailer, in September 2022. Strategic Priorities SC Ventures' focus is on building and scaling new business models - across the four themes of Online Economy & Lifestyle, SMEs & World Trade, Digital Assets and Sustainability & Inclusion. The company does this by connecting ecosystems, partners and clients to create value and new sources of revenue, providing optionality for the bank. SC Ventures is also advancing the Fintech agenda - identifying, partnering and taking minority interests through the fund in companies that provide technology capabilities, which can be integrated into the bank and Ventures. Mox continues to grow the customer base and drive main bank relationships across mass and mass affluent segments in Hong Kong. Mox's intention is to build the global benchmark for digital banking. It intends to be the leading virtual bank in Hong Kong for Cards and Digital Lending and continues to further expand services, including the soon-to-launch Digital Wealth Management services. Trust Bank is targeting continued strong growth, in particular through its deep and extensive partner ecosystem, and to establish itself as a scale player in the mass and upper mass consumer segment in Singapore. Research and Development The company invested $1.98 billion in research and development. History Standard Chartered PLC was founded in 1853. The company was incorporated in 1969.